9 h. ago What the possible closure of Hudson’s Bay stores could mean for the N.S. retail landscape

Hudson's Bay may start to liquidate its stores this week. Nova Scotia shoppers, mall management and a business expert are weighing in on the possible impacts.

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11 h. ago Hudson's Bay employees demand severance pay ahead of chain's liquidation

The union representing the Bay employees in Canada is calling on the company to prioritize workers as it continues its restructuring process.Canadian Labour Congress (CLC) says the Hudson's Bay Company (HBC)'s financial troubles shouldn't "come at the cost of workers' livelihoods."The Canadian retail institution employs around 9,400 people, including 647 who are unionized."We demand that HBC honour its commitments — wages, benefits and severance must be paid. No backroom deals, no vague promises — workers deserve full transparency," reads a statement from the CLC on Tuesday.North America's oldest company filed for creditor protection under the federal Companies' Creditors Arrangement Act (CCAA) on March 7 and received approval from the Ontario Superior Court of Justice on the same day.Last Friday, the Bay announced that full liquidation could begin this week. The latest court documents stated that the company intends to conclude it...

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11 h. ago Hudson’s Bay properties in focus as RioCan calls creditor filing ‘disappointing’

TORONTO — The possible liquidation of Hudson’s Bay is also bringing into question the future of its huge retail footprint, and highlighting the exposure other companies have to its potential downfall. RioCan Real Estate Investment Trust is especially exposed to Hudson’s Bay’s financial woes because the two companies co-own 12 store properties, including some of […]

Economics

14 h. ago Hudson’s Bay still waiting for court order as it looks to start liquidating its stores

Like many brick-and-mortar stores, the retailer, with 80 full-line stores across Canada, struggled to compete with e-commerce

Culture

30 h. ago Canada’s Oldest Company, Hudson’s Bay, Tries to Avoid Full Liquidation

Hudson’s Bay Co. fought to avoid a full shutdown in a Toronto courtroom on Monday, asking for permission to begin liquidating most of its stores this week.

Economics

31 h. ago Hudson’s Bay plans to liquidate. Here are key takeaways from Monday’s court hearing

TORONTO — Hudson’s Bay was in court Monday, seeking approval to begin a full liquidation even as it fights to stay alive. After arguments went on hours longer than expected, judge Peter Osborne said he needed time to review the case and would rule later on the liquidation plan. Here are some key takeaways from […]

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34 h. ago As Hudson’s Bay seeks financing, store liquidation could begin Tuesday

Liquidation would span 80 stores as well as three Saks Fifth Avenue stores and 13 Saks Off 5th locations in Canada

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36 h. ago Hudson’s Bay liquidation of all stores could start as soon as Tuesday

The proposed liquidation will extend to the company's e-commerce business, which will continue until its distribution centre empties

Culture

41 h. ago Hudson's Bay liquidation may begin soon as Canada's oldest company collapses

Hudson's Bay Company has signalled its readiness to take the next major step in its creditor protection and restructuring process, a move that will significantly reshape Canada's commercial retail real estate market and result in major job losses.In an announcement on Friday night, the Canadian department store retailer announced a "store-by-store liquidation process" will begin as soon as this week.On Friday, March 14, 2025, the company filed additional documents with the Ontario Superior Court of Justice indicating that it has only secured limited debtor-in-possession financing, which now necessitates the "full liquidation of the entire business.""Assuming receipt of a Court order on Monday at the 'comeback motion,' store liquidations will begin next week," reads the news release last Friday.According to the latest court documents, Hudson's Bay intends to conclude its liquidation process by no later than June 15, 2025, at which point its store locations would also close.During the...

Economics

3 d. ago Lack of store investment, underlying issues led Hudson’s Bay to ‘slow death’: experts

TORONTO — Analysts say the planned liquidation of Hudson’s Bay will leave a hole in the country’s retail landscape, as Canada’s oldest company prepares to wind down in the coming months unless it can find a last-minute solution. Retail experts attribute a combination of missteps that led to Friday night’s announcement from Hudson’s Bay, which […]

Events

3 d. ago Hudson’s Bay to liquidate entire business as it continues to seek additional capital

Company said it remains optimistic it can drum up financing and find a solution with key stakeholders to avoid full shutdown

Economics

3 d. ago Hudson’s Bay suffered ’slow death’ from lack of store investment and underlying issues: experts

Company said it remains optimistic it can drum up financing and find a solution with key stakeholders to avoid full shutdown

Events

3 d. ago Hudson’s Bay plans ‘immediate’ liquidation of entire business

In a late Friday announcement, Canada's oldest company said it couldn't secure the necessary financing to keep at least some of its empire alive.

Economics

4 d. ago Hudson’s Bay to liquidate entire business, still seeking additional capital

TORONTO — The death knell is ringing for Canada’s oldest company. Hudson’s Bay announced late Friday evening that unless it finds a more viable path forward, it will begin liquidating its entire business as soon as next week, putting more than 9,000 jobs at risk. The department store chain that dates back to 1670 and […]

Economics

4 d. ago Hudson’s Bay to Undergo Full Liquidation Unless an Alternative Solution Emerges

TORONTO — Hudson’s Bay Company ULC (Hudson’s Bay or the Company), the Canadian entity that comprises the retailer Hudson’s Bay and TheBay.com, today announced it has filed documents with the Ontario Superior Court of Justice indicating that, despite exhaustive efforts to secure sufficient financing to pursue a restructuring transaction under the Companies’ Creditors Arrangement Act […]

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